Companies might face several obstacles when applying Richard Rumelt's strategy concepts. One of the main challenges is the identification of critical factors in a situation and the design of coordinated actions to deal with these factors. This requires a deep understanding of the company's resources, capabilities, and the industry landscape, which many companies may lack. Another obstacle could be the tendency to replace hard strategic work with template-style vision building or other forms of pseudo-strategy. To overcome these obstacles, companies need to invest in strategic education and training, cultivate a deep understanding of their industry, and resist the temptation to take shortcuts in strategic planning.
Even some of the world’s biggest organizations do strategy poorly, and incorrectly credit their succ...
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